By William C. Vantuono, Editor-in-Chief, Railway Age Magazine; April 23, 2018
Reports by Bloomberg of a potential sale of GE Transportation to Wabtec Corp. surfaced late Friday April 20, resulting in Wabtec shares gaining 4.5%. The potential transaction size is $6.8 billion, according to Bloomberg.
In an email, GE spokesman Tim Bader said, “We are evaluating a range of strategic options for our business, and do not comment on rumors or speculation.”
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